#fiduciary-duties

#fiduciary-duties

The lawsuit claims UWM violated ERISA by using plan assets to reduce employer contributions, breaching fiduciary duties and transaction rules.

The sweeping approach of the Court of Appeal in effectively treating motor-dealer brokers as owing fiduciary duties to consumers in the generality of cases goes too far.

A trustee's primary duty is to manage the assets placed in a trust, ensuring that they are used and distributed according to the trust document's terms. This role requires significant responsibility, as trustees must administer the trust effectively by managing a range of assets such as investments and real estate. In regions like the Bay Area, successful real estate management is especially vital due to high property values—protecting and growing these assets is paramount to achieving the trust's objectives.